Islamabad (TDI): A meeting of the Sugar Advisory Board was held on Thursday to review the overall situation of sugar stocks across the country.
The meeting was chaired by Federal Minister for Industries and Production Rana Tanveer Hussain along with Federal Minister for Commerce Jam Kamal Khan also reviewed the estimates for the sugarcane crop in the country, a press release stated.
Read More: Pakistan to Export Sugar to Tajikistan
The overall stock position of sugar for the upcoming crushing season was discussed in details. The board expressed satisfaction with the current sugar prices in the local market.
Rana Tanveer noted that there is a trend of declining sugar prices in the local market.
It was decided that all sugar mills will begin crushing from November 21, and action will be taken against mills that fail to start crushing by the 21st.
The minister confirmed that all payments to farmers will be made before the start of the crushing season. He added that if mills do not pay the dues to farmers, their export licenses will be revoked.
The Pakistan Sugar Mills Association (PSMA) has requested permission to export additional sugar,
Yet the meeting decided that the government cannot grant further permission until the first export quota is completed.
Also Read: Sugar Mills to Export 40,000 Tons to Tajikistan
Pakistan’s sugar export has been a critical issue for the domestic market, and the government has taken a cautious approach to exports.
